New Zealand's core retail sales dropped by 2.5% in April

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Source: Forexpros
New Zealand's core retail sales declined by 2.5% on a seasonally adjusted basis last month as compared to a 2.3% expansion in March, reported Statistics New Zealand. Experts predicted the retail sales to increase by 0.3% last month. Following the data release, the New Zealand's Dollar depreciated against its US counterpart by 0.40% and NZD/USD traded at 0.7798.
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Mon, 14 May 2012 07:20:26 GMT

Crude oil declined amid China's growth fears

Crude oil futures declined at Asian session after China announced it reduced the RRR for its banks. The move indicates that China's economy slows down and needs additional stimulus. Light, sweet crude oil futures for June delivery traded at 95.73 US Dollars per barrel on the New York Mercantile Exchange, declining by 0.42% from the last session's high of 95.71

Mon, 14 May 2012 06:59:20 GMT

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